Elon Musk is seeking a payments system for Twitter as he pursues his plan to make it a “super app” along the lines of China’s WeChat. Musk outlined his vision in a live presentation on Twitter Spaces to more than 100,000 users and advertisers, including reps from Adidas, Kate Spade, Nissan and Walgreens. Musk has been brainstorming with confidants over ways to improve Twitter and make it profitable. Last week, Twitter filed registration paperwork with the Treasury Department for approval to add payments. Meanwhile, top privacy and security executives are leaving the company after Musk told employees “bankruptcy isn’t out of the question.” Read more

With research showing TVs are the biggest growth platform for YouTube Shorts, the streamer is rolling out its purpose-built player for HDTVs worldwide, starting this month. The YouTube Shorts on TV player will work with recent-model smart TVs, game consoles and streaming devices such as Roku and Google’s Chromecast. Users will now see a “Shorts shelf” on the homepage of their YouTube TV app, or the Shorts can be launched directly from a creator’s channel. YouTube Shorts are seen on about 1.5 billion mobile devices monthly, and this move is designed to increase views. Read more

IBM has achieved a new milestone in chips developed for quantum computing with the newly debuted 433-qubit Osprey chip. That’s more than three times the qubits of the 127-qubit Eagle chip IBM introduced last year. The company has its sights set on a more than 4,000-qubit system that it plans to unveil in 2025. Quantum computers solve problems faster and more accurately than classical computers and can find exact solutions to problems that today’s top computers can only guess at, known as the “quantum advantage.” Eventually, quantum computers are expected to contain millions of qubits. Read more

NBCUniversal’s OTT video streaming service Peacock is adding local NBC affiliate channels from 210 markets to its $9.99/month Premium Plus tier. The 24/7 feature is phasing in gradually, with all stations scheduled to be live by November 30, when subscribers will see a homepage tile that syncs the local broadcast feed, offering everything from NBC hits like “Law & Order” and “Saturday Night Live.” Integration of a live option puts Peacock on a more direct footing with Paramount+, which offers live CBS affiliate feeds. Read more

Meta Platforms on Wednesday began layoffs that will affect 11,000 workers — approximately 13 percent of the company’s workforce of 87,000. Founder and CEO Mark Zuckerberg told the staff via video that “I take full responsibility for this decision,” describing it as “one of the hardest calls I’ve had to make in the 18 years I’ve run the company.” This is the first time mass layoffs have been implemented there. Zuckerberg was described as “downcast” as he discussed the news, saying overly optimistic growth projections led to overstaffing. Read more